Rental of the Day: 114 Dean Street
This duplex, two-bedroom Boerum Hill rental at 114 Dean Street looks like a suitable spot for a family. Throw in the home office, big kitchen, and rather lovely backyard and it makes a nice package. $5,500 a month for 2,500 square feet of space also seems in line with area prices. Thoughts? 114 Dean Street…
This duplex, two-bedroom Boerum Hill rental at 114 Dean Street looks like a suitable spot for a family. Throw in the home office, big kitchen, and rather lovely backyard and it makes a nice package. $5,500 a month for 2,500 square feet of space also seems in line with area prices. Thoughts?
114 Dean Street [Halstead] GMAP P*Shark
outside of these richie rich hoods, 300k is lots of dough.
quote:
That said, you can’t buy a brownstone or even a decent 3br apartment in prime brownstone brooklyn on $300K/year.
that’s poppycock
*rob*
How much is one gob? Just one, singular?
Rob. Ok. At least it’s funny how you’re just calmly repeating your statement.
$300K probably doesn’t seem like gobs and gobs of money for people who are making $300K a year but it does seem like gobs and gobs of money to the 98% of the US population making less than $200K/year
That said, you can’t buy a brownstone or even a decent 3br apartment in prime brownstone brooklyn on $300K/year.
BoCoCa + BK Heights is richie rich hoods. for these hoods, 100k per person is peanuts – ie renter level. want to own a house, think 500k/family. So I agree with Nomi.
300K a year for a family IS gobs and gobs of money tho.
*rob*
66k/year in rent … There are 2 more units, and if the combined rent for those is another 66k then by BHO’s math (10xrent) the house is worth about 1.3 million. re: Mr. B’s “in line with area prices” comment, this house would probably sell for closer to 2 Million than 1.3.
It seems like too much rent to me too, but from a purely financial point of view, assuming rents and prices creep up a couple percent a year (not the BHO doomsday projection), it’s probably better to rent unless you’re going to stay put for at least 5 years.
Oh my lord. Will someone else back me the hell up? I am not saying that a family with two kids cannot, if they don’t spend disproportionately, live comfortably on $300,000 in NYC. But it is not GOBS of money.